iA Financial (TSE:IAG) Given a C$141.00 Price Target by Royal Bank of Canada Analysts

iA Financial (TSE:IAG) has been assigned a C$141.00 price objective by equities researchers at Royal Bank of Canada in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 11.52% from the stock’s current price.

Other research analysts have also issued reports about the company. TD Securities boosted their target price on iA Financial from C$146.00 to C$147.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Scotiabank lowered shares of iA Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets increased their price objective on iA Financial from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. CIBC raised their price target on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, Desjardins raised their target price on shares of iA Financial from C$140.00 to C$145.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$140.75.

iA Financial Stock Up 0.3 %

Shares of IAG stock traded up C$0.39 on Tuesday, reaching C$126.44. The stock had a trading volume of 43,117 shares, compared to its average volume of 277,243. iA Financial has a 12 month low of C$80.95 and a 12 month high of C$141.88. The firm has a market capitalization of C$11.86 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.26 and a beta of 1.13. The firm’s 50-day moving average is C$130.01 and its two-hundred day moving average is C$127.87.

Insider Buying and Selling at iA Financial

In other iA Financial news, Senior Officer Alain Bergeron sold 1,750 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$136.24, for a total value of C$238,428.58. Over the last quarter, insiders sold 12,750 shares of company stock valued at $1,731,044. Company insiders own 0.09% of the company’s stock.

iA Financial Company Profile

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.